Stop Subsidizing Giant Mergers Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4185 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4185 To amend the Internal Revenue Code of 1986 to end the tax-free treatment of certain corporate reorganizations that involve large corporations. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 25, 2026 Mr. Whitehouse (for himself and Mr. Hawley) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to end the tax-free treatment of certain corporate reorganizations that involve large corporations. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Stop Subsidizing Giant Mergers Act''. SEC. 2. MODIFICATION OF RULES RELATING TO CORPORATE REORGANIZATIONS FOR CERTAIN LARGE CORPORATIONS. (a) Acquisitive Reorganizations.--Section 368(a)(2) of the Internal Revenue Code of 1986 is amended by addi…